Internet banking transactions in Bangladesh experienced a significant upswing in November 2023, recording a 5% increase compared to the previous month, according to data from Bangladesh Bank. The total transactions through Internet... Read more »
Commercial banks in Bangladesh are actively pursuing foreign funds to strengthen their offshore portfolios, aiming to offer customers dollar-denominated loans. The recent removal of a 20% tax on interest from foreign loans... Read more »
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In a strategic move to curb inflation, the Bangladesh Bank (BB) is contemplating a policy rate hike for the second half of the ongoing fiscal year (January-June), as revealed by a central... Read more »
In the 12th National Parliament election, 21 candidates associated with the capital market and insurance sector secured significant victories. Notable among them are: Salman F Rahman (Dhaka-1): Former Director of Far East... Read more »
In preparation for the national election on January 7, banks in Bangladesh will operate on Friday and Saturday, following instructions from the Election Commission (EC). The Bangladesh Bank (BB) issued a circular,... Read more »
The Bangladesh Bank extended a loan of Tk22,000 crore to seven banks grappling with liquidity challenges on December 28. Acting as the “lender of last resort,” the central bank provided this financial... Read more »
As the year concluded, Bangladesh’s central bank reported net reserves of approximately $17.7 billion in December, surpassing the International Monetary Fund’s (IMF) benchmark and positioning the country favorably for the third tranche... Read more »
In support of facilitating bankers and other employees in exercising their voting rights in the upcoming 12th national parliament election, banks across Bangladesh will remain closed on January 7. The Bangladesh Bank... Read more »
The latest data from the International Monetary Fund (IMF) reveals a decline in the dollar’s share in global central-bank reserves during the third quarter, signaling a shift in the currency composition. The... Read more »
The Asian Development Bank (ADB) has adjusted down Bangladesh’s economic growth projection to 6.2% from the initial 6.5%, citing factors such as restrained export and manufacturing growth, energy shortages, and persistent inflation.... Read more »